TeamAssignment Susans Consuiting Company (5012] 7 Problem Overview Company Overview: Susans Consuiting Company (SOC) has been in business for ten years and has experienced a significantturnover in the project management group which has prompted senior leadership to investigate A preiiminary review by senior leadership has determined that Project Managers are frustrated with the amount ol required project management documentation. which has impacted their ability to manage projects successfully. A recent review otthe project management process has determined that SCC has spent between 304054: of its total project budget on projects' overhead costs including project management costs A review of industry standards is between E 15% higher than most companies in addition senior leaders found that projects are being delivered between 25% and 50% over budget and late 35% otthe time Note: Project Management overhead includes the PM's time managing the project attending meetings and developing the required documentation Request: SCC has reached out to your team becauseyou are experts in defining project management processes and delivering projects on time The SCC request includes the foliowing - The development ota new projectrnanagementprocess which at a minimum should include the foliowing o The ab"ty to track issues risks. and changes 0 The a ty to view project activities includes the abiiity to view what has been completed and what activities the team is currently working on and whatwill be done over the next reporting period 0 The a to view the project costs to include what has been spent to date baseline budget. any changes to the budget remaining budget. and cost of the project at completion - In addition. to burlding a new project management process. SCC would like you and your team to manage a project using the new process Prior to bringing your team on board. company management determined estimates for initial development costs. benefits, and the projected time to complete each application. Assignment: Step 1: identify a project manager this individual is responsible for the team assignment ensuring that team members are completing theirassigned work and Will be responsibie for turning in the assignment General Note Your instructorwili act as the sponsor both for the project and for the methodology buildeout. Any questions should be diremedto me. Step 2: Build a Methodology Identity and describe the methodology to be used by the company This should include both a narrative and a pictorial representation of the methodology Identity and describe at least 5 deliverables for your process Identify and describe the proposed reviewand update process for your methodoiogy Identify one or more prioritization techniques that will be used to prioritize work . examples can be PV. iRR. NPV. Pay Back Period andior dot voting Identify at least 375 risks a company should think about when identifying a new methodoiogy 0 Description of the risk 0 Mitigation Strategy - Identify the Organization Structure for the organization that will suppon the project create a pictorial and narrative description of the organizationai structure for the project. \f..,,... ._i.- .. , _,-.-.-- Applications 3 S 3,177.00 Team Available - The company has identied the ioiiowmg individuals who will be available to support the application development Each individual can work on a single application Application Developert $70 no perhour Application DeveloperZ $65 00 perhour Application Developer} $50 00 per hour Application Developer 4 $65 \"0 per hour 1 Contractor (Application lii30 00 per hour Developer) Step 4: Manage a project - Describe the process that your team will use to elicitand decomposethe requirements for the project - Develop a Project Overview Statement documentior the project . Create a WES tor the project Remember your WES is a deliverable base, so there should be a section otyour WES that outlines ourproject managementdeliverables - Determine an updated budget . Using the following information develop a Gantt chart Information in Months Optimistic Estimate Pessimistic Estimate Most Likely Estimate Application 1 11 13 12 Application 2 9 11 10 Application 3 12 14 13 Application 4 E 10 9 Application 5 13 16 14 Application 6 9 11 10 Application 7 E 10 9 Application 8 16 19 18 Application 9 15 18 1? - Describe 2 strategies you can use to bring the project timeline to 12 months - Develop a team agreement - Using your dened prioritization process pr ritiZe each application. . Identify at leastve stakeholders ioryour project and a communication strategy for each individual - Identify at least ve risks to include both threats and opportunities associated with the project For each risk please include the following information 0 Impact 0 Probability 0 Description of the risk 0 Mitigation Strategy Describe the process your team can use to determine if the projects are making the appropriate revenue Step 5: Develop your paper using the following requirements - The paper should be between 15-20 pages and should include